What is the role of the introducer?

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FP Advance deals with a range of IFA practices from single owner/adviser businesses, to co-owned practices, to multi RI firms, based all over the UK.

Many of these businesses work with Professional Connections, have done in the past, or are seeking to do so more in the future. A significant anomaly we often come across is the variety of introducer arrangements that are in place, both financially and operationally. A firm I was speaking to last week has an arrangement where a local City Centre Accountancy Practice introduces their clients to him. There is no financial arrangement in place at all – no commission splits, no charge per case, nothing. The IFA is fee based and the Accountant knows and understands the service that the I...

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